Salamander Energy Rating Reiterated by Barclays Capital (SMDR)
Salamander Energy (LON:SMDR)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays Capital in a research report issued on Tuesday, American Banking News reports. They currently have a GBX 160 ($2.58) price objective on the stock. Barclays Capital’s target price would indicate a potential upside of 43.35% from the company’s current price.
Shares of Salamander Energy (LON:SMDR) traded down 5.11% on Tuesday, hitting GBX 111.50. 397,475 shares of the company’s stock traded hands. Salamander Energy has a 1-year low of GBX 116.40 and a 1-year high of GBX 224.071. The stock has a 50-day moving average of GBX 123.6 and a 200-day moving average of GBX 162.4. The company’s market cap is £287.9 million.
A number of other firms have also recently commented on SMDR. Analysts at Jefferies Group reiterated a “buy” rating on shares of Salamander Energy (LON:SMDR) in a research note to investors on Monday. They now have a GBX 280 ($4.52) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Salamander Energy (LON:SMDR) in a research note to investors on Thursday, September 19th. They now have a GBX 150 ($2.42) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Salamander Energy (LON:SMDR) in a research note to investors on Wednesday, September 18th. They now have a GBX 232 ($3.74) price target on the stock. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 233.23 ($3.76).
Salamander Energy PLC is a holding company. The Company is engaged in oil and gas exploration, development and production, which focuses on building a portfolio of assets in Asia.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.